NZ Dollar Weakens Against Majors

5/4/2012 4:20 AM ET

The New Zealand dollar traded lower against other major currencies in European morning deals on Friday.

The kiwi fell to new multi-month lows of 0.7978 against the greenback, 63.97 against the yen and 1.6473 against the euro with 0.795, 63.5 and 1.66 seen as the next downside target levels, respectively.

Against the aussie, the kiwi reached a new 1-1/2-month low of 1.2857, compared to Thursday's close of 1.2840.